CREDITS- A New Generation of Blockchain
Hello everybody, let me introduce you CREDITS Platform today.
Most of us heard about classic blockchain technology first, when bitcoin cryptocurrency became popular. And we learn about it more mining bitcoin or trying to use it as an alternative currency to fiat. But we were all aware that “classic blockchain platform” had several issues and limitations that needs to be solved out as soon as possible.
After a while we have started to witness some implementations and new developments eliminating some disadvantages and technical problems of classic blockchain. But mostly everything was built and developped around the same principles.
Below, you can find some major technical issues that existing blockchain platforms have.
- Network Size- quantity of transactions per second is very low. It was as low as 7 transactions per second on classic blockchain, On the other hand VISA can perform approximately 1,700 transactions per second.
- High Cost- big transaction fees are a huge problem. Cryptocurrency users are currently paying around 20 USD for an avarage transaction. This avarage fee is really so huge and unacceptaable when people want to send a small amount of money.
- Transaction times- Confirmation of transactions are still relatively slow and there are no significant improvements to transaction speeds yet.
- Smart Contracts- Smart contract technology is something very innovative but it is really far from being perfect. A more advanced and self directed smart contract that is not dependent on human factor is needed.
CREDITS is the first autonomous open blockchain platform containing its own advanced smart contracts and the internal cryptocurrency.
CREDITS platform is developed and strengthened with three basic elements:
- Decentralized DLT Blockchain
- Self-executing smart contracts
- CREDITS cryptocurrency
Solutions of CREDITS Platform
- CREDITS platform claims to be the fastest network ever with more than 1 million transactions per second.
- CREDITS platform provides very cheap transaction fees- only 0.001 USD per transaction
- Transaction speed on CREDITS platform is much faster than any other cryptocurrency- avarage transaction time of each transaction is only 3 seconds.
- CREDITS platform provides fully functional and self-executing smart contracts.
CREDITS Token & Crowd Sale
CREDITS Team decided to start a crowdsale for development, maintenance and promotion of the platform. In the beginning, Ethereum based tokens will be issued with adhere to the ERC20 tokenstandard. In this time period, CREDITS (CS) tokens can be stored in any wallet that supports ERC20 tokens such as Mist, MetaMask, MyEtherWallet or they can be traded on exchanges.
After release of the Beta version of the platform (2nd half of 2018), ERC20 tokens issued in the ICO will be replaced with the CREDITS cryptocurrency.
See the details about crowd sale below:
Ticker Symbol: CS
Total Supply: 1,000,000,000 CS (All unsold tokens will be burned)
ICO Price: 1 ETH = 5000 CS
Soft Cap: $15,000,000
Hard Cap: $20,000,000
Pre-ICO Date: Already finished on December 2017 (3 Million USD was raised)
ICO Date: 15 February 2018, 00:00 UTC
Token Allocation: ICO- 60%; bounty- 2%; bug bounty- 2%; founders- 15%; advisors- 1%; operation — 20%.
About CREDITS Company
CREDITS Company was created in Singapure for development of the platform. CREDITS team including management and all departments are located in Singapure.
For more information, please visit links below :
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Prepared by Stavri (Bitcointalk Profile) :
ETH Wallet: 0xf263f99B27E37e97720b9DdaF525B565E18A89c2
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